Central Bank : Romanians are overindebted

Romanians are finding it increasingly hard to pay their monthly instalments to banks, which now account for 22.4% of the population's available income in September last year, compared with around 5% at the end of 2004, reveal data from the NBR (National Bank of Romania). The high indebtedness level and expected continued income adjustment will not allow lending to individuals to be resumed very quickly despite the monetary relaxation signals sent by the NBR, putting more pressure on overdue ...

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